Stock Analysis on Net
Stock Analysis on Net
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Ecolab Inc. (NYSE:ECL)

Common-Size Income Statement

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Ecolab Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Product and equipment sales 82.11 82.69 0.00 0.00 0.00
Service and lease sales 17.89 17.31 0.00 0.00 0.00
Net sales (legacy) 0.00 0.00 100.00 100.00 100.00
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Product and equipment cost of sales -47.67 -48.26 0.00 0.00 0.00
Service and lease cost of sales -10.85 -10.55 0.00 0.00 0.00
Cost of sales, including special charges (legacy) 0.00 0.00 -53.51 -52.45 -53.33
Cost of sales, including special charges -58.52% -58.81% -53.51% -52.45% -53.33%
Gross profit 41.48% 41.19% 46.49% 47.55% 46.67%
Selling, general and administrative expenses -26.55 -27.06 -31.92 -32.69 -32.08
Restructuring activities -0.78 -0.61 -0.29 0.07 -0.62
ChampionX separation -0.52 0.00 0.00 0.00 0.00
Acquisition and integration activities -0.04 -0.06 -0.11 -0.07 -0.14
Gain on sale of business 0.00 0.00 0.33 0.00 0.00
Energy related charges 0.00 0.00 0.00 -0.11 0.00
Venezuela related gain 0.00 0.00 0.08 0.06 -1.89
Other -0.08 -0.19 0.01 -0.25 -0.42
Special gains and (charges) -1.42% -0.86% 0.03% -0.30% -3.06%
Operating income 13.51% 13.27% 14.60% 14.56% 11.53%
Other income (expense) 0.51 0.54 0.00 0.00 0.00
Interest expense -1.44 -1.62 -1.98 -2.17 -1.87
Interest income 0.16 0.10 0.14 0.16 0.07
Interest expense, net -1.28% -1.52% -1.84% -2.01% -1.80%
Income before income taxes 12.74% 12.30% 12.75% 12.55% 9.73%
Provision for income taxes -2.16 -2.48 -1.75 -3.07 -2.22
Net income including noncontrolling interest 10.57% 9.82% 11.00% 9.48% 7.51%
Net income attributable to noncontrolling interest -0.12 -0.08 -0.10 -0.13 -0.11
Net income attributable to Ecolab 10.46% 9.74% 10.90% 9.35% 7.40%

Based on: 10-K (filing date: 2020-02-28), 10-K (filing date: 2019-03-01), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Ecolab Inc.’s operating income as a percentage of net sales decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Ecolab Inc.’s income before income taxes as a percentage of net sales decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Net income attributable to Ecolab The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Ecolab Inc.’s net income attributable to Ecolab as a percentage of net sales decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.